Fotc -- Los Angeles

Analysis

Fotc -- Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Fotc -- Los Angeles reported income of $1.7m and spending of $3.9m, spending 231% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $1.7m (+14%), an average of +3.3% a year. The sharpest change came in the year to August 2022, when income rose by 236%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fotc -- Los Angeles sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Washburn School Inc ($1.7m), Calvary Schools of Holland ($1.7m) and Rogue Community College Foundation ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $158k (4.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.5m against liabilities of $319k, net assets of $3.2m. It reported 37 employees.